{
  "url": "https://blockindex.ai/coin/fil",
  "name": "Filecoin",
  "links": {
    "github": "https://github.com/filecoin-project",
    "website": "https://filecoin.io/",
    "whitepaper": null
  },
  "dScore": 69,
  "market": {
    "priceUsd": 0.7769844196009462,
    "marketCapUsd": 614282222.4977878,
    "volume24hUsd": 82215592.43404277,
    "priceChange7dPct": 3.15807291,
    "priceChange24hPct": -1.14423941
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 790597864,
    "circulatingPct": null
  },
  "ticker": "FIL",
  "founder": "Juan Benet",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:22.287372+00:00",
  "fairLaunch": false,
  "launchYear": 2020,
  "description": "Filecoin (FIL) is a native Layer-1 decentralized storage network conceived by Protocol Labs to serve as a marketplace for data storage and retrieval anchored by verifiable cryptographic proofs. Launched to mainnet on October 15, 2020 following staged testnets and a notable 2017 ICO that raised approximately $205 million, Filecoin was designed to align economic incentives among clients, storage providers (miners) and retrieval providers through the FIL token. The protocol sits alongside IPFS as an incentive layer, enabling participants to buy and sell storage while cryptographic proofs — Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoSt) — provide verifiable evidence that data has been uniquely stored and persisted. Over time Filecoin has expanded from a storage-first ledger into a broader data infrastructure stack with projects and upgrades such as the Filecoin Virtual Machine (FVM), InterPlanetary Consensus (IPC) work toward hierarchical subnets, and Onchain Cloud experiments focused on verifiable storage endpoints.\n\nTechnically, Filecoin combines several novel design elements to create a production-ready decentralized storage market. The protocol departs from typical PoW/PoS models by leveraging storage-specific proofs (PoRep/PoSt) that attest to replication and ongoing availability of data. Filecoin’s architecture supports miner sealing, sector commitments, and an economic model of storage deals between clients and providers. The introduction of the FVM brought smart-contract-like programmability to storage primitives, enabling FEVM-compatible contracts, DeFi-style primitives and cross-chain integrations. Recent protocol upgrades (NV24, NV25 \"Teep\" and others) have prioritized developer ergonomics, simplified fee models, and new features such as transient storage support and Proof of Data Possession (PDP) for faster access to hot data. Implementations and tooling referenced in the ecosystem include Rust and C++ codebases and a variety of explorer and analytics platforms that provide network observability.\n\nFilecoin’s practical use cases span archival storage, decentralized content hosting, datasets for machine learning, and application-level services that require verifiable data custody. The network’s marketplace model allows organizations and individuals to procure storage in a decentralized manner while auditors or clients can cryptographically verify that stored content remains intact. Features such as PDP and Onchain Cloud aim to lower retrieval latency and integrate verifiable storage with compute and payment rails, expanding Filecoin’s appeal to AI teams and enterprises that need largescale, verifiable data retention. The ecosystem also supports stablecoins and payment rails (e.g., USDFC launched on mainnet), bridges and cross-chain tooling that improve liquidity and interoperability for FEVM assets.\n\nTokenomics for FIL are anchored by a fixed maximum supply figure reported in node and chain metrics (commonly cited as 2,000,000,000 FIL) and ongoing miner reward emissions that distribute newly minted FIL to storage providers. Circulating supply snapshots vary across sources; NodeTracker snapshots list approximately 803,453,629 FIL circulating (≈40.17% of max supply) while aggregator snapshots like CoinMarketCap report slightly different figures (e.g., ~727M FIL) at times. The project’s initial distribution included an ICO in 2017 (≈$205M raised); however, explicit premine percentages and pre-issue (PIP) percentages are not present in the provided summary documents, so distributions beyond public ICO figures require authoritative tokenomic schedules for precise breakdowns. Market data snapshots indicate material liquidity (tier-1 exchange listings) and price history including an all-time high during 2021 and an active marketcap in the hundreds of millions at the cited snapshot.\n\nGovernance and organizational structure are hybrid: Protocol Labs and the Filecoin Foundation are significant ecosystem participants while governance processes include community-driven proposals and Filecoin Improvement Proposals (FIPs). The project references foundation-led programs and community funding mechanisms (FIL ProPGF) and has active proposal processes that guide upgrades and protocol economic changes. While the ecosystem shows evidence of community governance and foundation stewardship, explicit on-chain token-vote mechanics and detailed dev fund allocations were not enumerated in the provided materials. Ongoing development priorities include expanding FEVM composability, deploying IPC subnets, rolling out Onchain Cloud, and improving retrieval performance for latency-sensitive applications. Filecoin’s continued upgrade cadence, broad explorer and analytics support, and partnerships for bridging and tooling position it as a leading decentralized storage infrastructure with increasing applicability for data-heavy Web3 and AI workloads.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "Other",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 13,
    "governance": 25,
    "nodeDistribution": 26,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Decentralized"
}